data on total tonnage produced, but did not breakdown “what” was produced. - The system compared “actual” to “objective” but did not provide data on what factors caused variance. - Costs were not broken down by: o Fixed costs o Variable costs o Relevant Range - Reports were generated on the 15th day following each month end. Therefore, time lag would not allow the managers to take immediate corrective actions. - It did not measure
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Recruiting guide for Store Associates Position: Store Associate Reports to: Store Manager, General Manager Qualifications: None/ All applicants are considered Relevant labor market: Western Washington Timeline: Week of 5/21: Conduct interviews with qualified candidates 6/15: Targeted hire date Activities to undertake source well candidates: * Local and regional newspapers, radio stations, Internet, and televisions * Posting
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and justify it in an economic sense. b. Describe the problematic (time line and more relevant facts) c. Describe the outcome of the case, consider other possible alternatives and analyze them in economic terms. Exercise 2: Soft drink industry case (Using the article in Moodle) Briefly answer: a) What is the prevailing contract in the 80s-90s between CSD and the bottlers? b) According to transaction cost theory…Why did they pass from one contract to another? Did asset specificity increase
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and more expensive than the company's management anticipated. Consequently, the firm's top accountants and financial managers argue that the firm should raise the price of the product 10 percent above its original target to help recoup some of these costs. Does such a strategy make sense? Explain carefully Answer: First, it’s necessary to define “product development” – It is the term used to describe complete process bringing a new product (a set of benefits offered for exchange and can be tangible
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20-3 on pages 820-821 a. If 100 shares are outstanding, then we have the following for Edelman: 2005 2010 Earnings per share $8,160 $12,000 Dividends per share 4,200 6,000 Book value per share 90,000 b. Using the following
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BAC 1024 MANAGEMENT ACCOUNTING I TRIMESTER I 2011/2012 GROUP ASSIGNMENT 1 Grouping □ There should be between 4-5 students in a group. □ Group leader has to submit a list with group members’ name, student ID and contact number to your respective Lecturer latest during the 3rd Lecture slot on WEEK 3. □ The group members should be in the same LECTURE group. Assignment write-up □ All assignments must be typed on one side only, 1.5-spaced, using font 12(Times New Roman).
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business has grown, the need to evaluate internal processes and procedures has become increasingly more important. Kudler Fine Foods with three locations in California is faced with increasing productivity while controlling costs internally. In short, Kudler Foods has to manage costs and use technology to aid in the process of streamlining operations in all locations. The purpose of this analysis is to provide a clear and concise analysis of the method Kudler Fine Foods is currently using and offer recommendations
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“positive accounting theory” is to “explain” and “predict” accounting practice. • “Explanation” means providing reasons for observed practice. For example, positive accounting theory seeks to explain why firms continue to use historical cost accounting and why certain firms switch between a numbers of accounting techniques. • “Prediction” of accounting practice means that the theory predicts “unobserved phenomena”. “Unobserved phenomena” are not necessarily future phenomena; they
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suffering from declining sales. Category retailers have become powerful and are able to dictate practically all terms to suppliers. Large chain retail manufacturers are constantly squeezing costs forcing manufacturers to keep selling prices low in order to remain competitive. 2. Clearwater maintains a Cost of Quality report, but results of the report are not tracked or analyzed. 3. Clearwater does not currently have the required internal business
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1. What does the term cost management mean? Who in the typical firm or organization is responsible for cost management? = Cost Management is the process of effectively planning and controlling the costs involved in a business. The one who’s responsible for cost management is management accountant. 2. List the four functions of management. Explain what type of cost management information is appropriate for each. = 1. Strategic Management. Cost management information is needed to make sound
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